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Cable Update (GBPUSD)

  • #770,461
  • Aug 25, 2023 6:27am Aug 25, 2023 6:27am
Dicision zone
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yes yes yes
  • #770,462
  • Aug 25, 2023 6:28am Aug 25, 2023 6:28am
15p SL hit, breakeven from earlier GU long

Next level to observe
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The market hides a perfect geometry.
  • #770,463
  • Aug 25, 2023 6:31am Aug 25, 2023 6:31am
Quoting Whale
{quote} i think you posted long with 1.33 tp.. am i wrong?
Yep. I TP-ed that if you look at my earlier post, because I don't think it's going up anymore. I think it'll reach 1.263 and then drop like a fly and so I put Sell Limit Order.
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  • #770,464
  • Aug 25, 2023 6:42am Aug 25, 2023 6:42am
Cable long working out. Have a good weekend all.
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every Saint has a past. Every Sinner has a Future
  • #770,465
  • Aug 25, 2023 6:51am Aug 25, 2023 6:51am
Quoting Fx3423454
Peter is offering a service to this thread. He is trying to wake people up from their delusional and disrespectful attitudes.
LOL
Sure. And everyone that becomes "woke" will then see the light of how the Peter Caleb delusional and disrespectful attitude is so far superior to that lowly "common folk" delusional and disrespectful attitude that all of the newly "woke" will sing its praises and eagerly go about proselytizing this newfound delusional and disrespectful attititude and all of the benefits that it brings not only to the "woke", but through them, to all mankind.
To free Gazans of Hamas, use whatever it takes.
  • #770,466
  • Aug 25, 2023 6:52am Aug 25, 2023 6:52am
Quoting cablekingdom
{quote} Sorry to break this news guys I gt even number of chicken nuggets today I e. 6 , so according to the theory --- GU is bearish for the day Theory was true fr last 2 instances, let's see if holds today as well
I think that the server snitched one of your nuggets. . .
To free Gazans of Hamas, use whatever it takes.
  • #770,467
  • Aug 25, 2023 6:56am Aug 25, 2023 6:56am
Quoting dantpm
Hopefully with the temporary suspensions of Peter and FX#'s some of the great contributors to this thread will reconsider abandoning it! If they come back as disruptive, I would support getting them blocked from the thread!
You are a high-impact member. Use your Immediate Temporary Suspension ability on him at every opportuity if you find him so disruptive.
To free Gazans of Hamas, use whatever it takes.
  • #770,468
  • Aug 25, 2023 7:04am Aug 25, 2023 7:04am
Quoting DrDave
{quote} You are a high-impact member. Use your Immediate Temporary Suspension ability on him at every opportuity if you find him so disruptive.
A. I haven't been a FF member long enough to be able to invoke the temporary suspension. I tried.
B. I find a lot of their comments inflammatory, insulting, at best rude and often not related to trading or the economy. It surprises me that others respond!

It would be fantastic if they started their own thread and left this one alone!
  • #770,469
  • Aug 25, 2023 7:05am Aug 25, 2023 7:05am
Quoting dantpm
Best chart I can come up with to help with trading GU right now. If you aren't familiar with the TDI indicator, you buy when the red and green cross above yellow, sell when below. Supertrend for profit simply confirms the trend. Sessions indicator show higher probability areas for entering trades.
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If you aren't familiar with the TDI indicator, you buy when the red and green cross above yellow, sell when below.

Seriously?? That's how you use it? Do you even understand what the TDI is telling you? It is essentially RSI. RSI is not a BUY/SELL indicator, it is a momentum indicator or, even better, a sentiment indicator. It is essentially a look at "upness vs downness". So with that understanding should come a re-evaluation of how you would want to be using it.
EDIT
Look at the lowest point of that chart. Look how price goes downward from your red dotted Vline to that point but TDI bottoms and starts upward before price bottoms. Now knowing that TDI is "upness vs downness", it actually tells you something useful.
To free Gazans of Hamas, use whatever it takes.
  • #770,470
  • Edited 7:17am Aug 25, 2023 7:06am | Edited 7:17am
Quoting DrDave
{quote} LOL Sure. And everyone that becomes "woke" will then see the light of how the Peter Caleb delusional and disrespectful attitude is so far superior to that lowly "common folk" delusional and disrespectful attitude that all of the newly "woke" will sing its praises and eagerly go about proselytizing this newfound delusional and disrespectful attititude and all of the benefits that it brings not only to the "woke", but through them, to all mankind.
Okay, well then maybe you can think of a way to turn them around. At least, Peter is trying.

He's also giving decent advice considering the reality of the situation. The reality is that at least 50%-75% of traders are losing money. In this thread it is probably more like 99%. So, Peter is actually doing them a service. What's worse, is that many of them are deluding themselves and others and being extremely dishonest and insulting.

But anyway, I am over this thread. I will leave everyone to their own devices.
Trade at your own risk.
  • #770,471
  • Aug 25, 2023 7:07am Aug 25, 2023 7:07am
Quoting Georginson
{quote} 1.2565 target for this quarter is almost attained, now a powerful reversal may begin which will likely take place from 1.24 - 1.25 area for 1.33 target... Bought 1.2580 target 1.2680.
exited 1.2616... price may surge to 1.2660/80 area before further fall to 1.2470 to complete 350 pips minimum monthy range.
Data + Stat + Risk/Emotions Management
  • #770,472
  • Aug 25, 2023 7:09am Aug 25, 2023 7:09am
Quoting Georginson
{quote} exited 1.2616... price may surge to 1.2660/80 area before further fall to 1.2470 to complete 350 pips minimum monthy range.
too early exit.

The ADR is just 62 pips complete
whole of NY session remaining.
Intraday only.
  • #770,473
  • Aug 25, 2023 7:11am Aug 25, 2023 7:11am
Quoting navk
{quote} too early exit. The ADR is just 62 pips complete
imo if 1.262 will breach
1.28+
  • #770,474
  • Aug 25, 2023 7:12am Aug 25, 2023 7:12am
Quoting navk
{quote} too early exit. The ADR is just 62 pips complete
I agree, current range for today is 62 pips and I feel it's safest to remove the buy since we are still in a downtrend. I will prefer to sell higher from 1.2660/80 area, instead of holding on to my buy to get there.
Data + Stat + Risk/Emotions Management
  • #770,475
  • Edited 7:22am Aug 25, 2023 7:12am | Edited 7:22am
Quoting DrDave
{quote} If you aren't familiar with the TDI indicator, you buy when the red and green cross above yellow, sell when below. Seriously?? That's how you use it? Do you even understand what the TDI is telling you? It is essentially RSI. RSI is not a BUY/SELL indicator, it is a momentum indicator or, even better, a sentiment indicator. It is essentially a look at "upness vs downness". So with that understanding should come a re-evaluation of how you would want to be using it.
Actually I do use it differently paying attention to the timeframe, the bands, the level and slope of the yellow line, crosses of the red and green line as well as crosses of the yellow line by the red and green lines. I found that it took time to learn how it worked. I have found several authors who suggest that starting out it can be used profitably by simply looking at the red and green lines crossing the yellow line.
  • #770,476
  • Aug 25, 2023 7:13am Aug 25, 2023 7:13am
Quoting Whale
{quote} imo if 1.262 will breach 1.28+
ADR is not yet done.

In line with my theory, 2660/2670 today in line with George for today only.
Intraday only.
  • #770,477
  • Aug 25, 2023 7:14am Aug 25, 2023 7:14am
Quoting navk
{quote} too early exit. The ADR is just 62 pips complete whole of NY session remaining.
There's nothing to say that ADR can't be reached by moving downwards in the NYC session.
  • #770,478
  • Aug 25, 2023 7:16am Aug 25, 2023 7:16am
hold it..set sl to 2570
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  • #770,479
  • Aug 25, 2023 7:18am Aug 25, 2023 7:18am
Quoting T721
{quote} {image}
My risk and lot size is always calculated for the next trade. When i get the opportunity, i jump in.
It is the only way i saw i can control my risk, no other way around, as my whole trading system is manually done. Nothing automated
More time in the market, does not mean you trade better!
  • #770,480
  • Aug 25, 2023 7:18am Aug 25, 2023 7:18am
Quoting Scotteyy
{quote} There's nothing to say that ADR can't be reached by moving downwards in the NYC session.
The price has bottomed out to reverse.

This is my view.

And longer tf traders may hold.
Intraday only.
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